Triyards issuing new shares as it eyes expansion

Singapore: Singapore-headquartered Triyards is looking to expand beyond the ‘tri’ part of its name.

The company, which has two yards in Vietnam and one in Houston, is looking to raise nearly S$20m from a new share placement with up to 90% of proceeds to go on business expansion, which could involve new yards as well as new ship types on offer.

A total of 29.5m shares will be offered at a price of S$0.70 each. [18/09/14]